inthemoneystock (< 20)

Broadcom Retreats Intra-day. Watch This Spot

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Broadcom Corp.(NASDAQ:BRCM) has staged a strong move higher from a sharp gap lower open. The leading chip stock has now pulled back intra-day despite the major stock indexes rallying near the highs of the session. Short term scalp traders can watch the $40.40 area for intra-day support. This is a likely intra-day bounce area for aggressive scalp traders.